Alexandria Real Estate Equities Acquires Office Property In Cambridge, MA For $815M
SOLD
$815,000,000
Massachusetts
See Similar DealsOffice
Sold 01/03/2022
SOLD
Alexandria Real Estate Equities Acquires Office Property In Cambridge, MA For $815M
One Rogers St, Cambridge, MA 02142, United States
See Similar DealsOffice
Sold 01/03/2022
Summary
MASSACHUSETTS
Asset Type:Office
Transaction Type:Sale
One Rogers St & 1 Charles Park, located in Cambridge, MA, has been sold in a recent transaction. The property, an office asset, was purchased by an affiliate of Alexandria Real Estate Equities, Inc for a total sale price of $815,000,000. The sellers were Davis - Cappy Daume and Michael Cantalupa, representing Principal Real Estate Investors.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $815,000,000
- Buyer: Affiliate of Alexandria Real Estate Equities, Inc
- Seller: Davis - Cappy Daume & Michael Cantalupa; Principal Real Estate Investors
- Broker: Robert Griffin - Newmark
- Address: One Rogers St & 1 Charles Park, Cambridge, MA
Robert Griffin from Newmark represented the buyer in the transaction. The sale took place on 01/03/2022 and was recorded by Robert Griffin. With a total sale price of $815,000,000, this transaction marks a significant deal in the office market in Cambridge, MA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$43,466,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,895,522.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,863,515.79
Annual Debt Service$46,362,189.52
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